What  Is Ask?

The term ask refers to a two-way price quotation that indicates the best potential price at which a security can be sold and bought at a given point in time. The asking price represents the minimum price that a seller is willing to take for that same security. A trade or transaction occurs when a buyer in the market is willing to pay the best offer available.

The ask is the term used when one trader intends to buy an asset or financial instrument from another trader or institution.

The “ask” price is also known as the “offer” price.

The asking price is one of the prices often quoted in the buying and selling of financial assets.

It represents the price at which you can buy an asset, which will usually be higher than the market price.

It is the opposite of the bid.

In forex, this is the price that you, the trader, may buy the base currency.

The bid (the price at which you can sell an asset) is quoted as lower than the ask (or offer), and the difference between the two is known as the spread.